TGVB Legal: what changed
TGVB Legal
Largest movements
- Cash +€28,051
up €28,051 (+300%), from €9,364 to €37,415
mainly Net result for the year (+€35,764) and Tax, wage and social debts (+€4,041)
- Receivables within one year +€11,072
up €11,072 (+16,434%), from €67 to €11,139
of which Other amounts receivable: +€10,884
- Reserves +€35,764
up €35,764 (+1,934%), from €1,850 to €37,613
- Tax, wage and social debts +€4,041
up €4,041 (+56.5%), from €7,150 to €11,191
- Gross operating margin +€30,934
up €30,934 (+182%), from €16,987 to €47,920
- Taxes +€6,176
up €6,176 (+178%), from €3,476 to €9,652
- Staff costs +€1,522
up €1,522 (+297%), from €512 to €2,034
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,432 | €49,376 | +€39,944 | +424% |
| Fixed assets | 21/28 | - | €416 | +€416 | |
| Tangible fixed assets | 22/27 | - | €416 | +€416 | |
| Furniture and vehicles | 24 | - | €416 | +€416 | |
| Current assets | 29/58 | €9,432 | €48,959 | +€39,528 | +419% |
| Amounts receivable within one year | 40/41 | €67 | €11,139 | +€11,072 | +16,434% |
| Trade receivables | 40 | €63 | €251 | +€188 | +298% |
| Other amounts receivable | 41 | €4 | €10,888 | +€10,884 | +249,062% |
| Cash at bank and in hand | 54/58 | €9,364 | €37,415 | +€28,051 | +300% |
| Deferred charges and accrued income | 490/1 | - | €405 | +€405 | |
| Total equity and liabilities | 10/49 | €9,432 | €49,376 | +€39,944 | +424% |
| Equity | 10/15 | €1,950 | €37,713 | +€35,764 | +1,834% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,850 | €37,613 | +€35,764 | +1,934% |
| Distributable reserves | 133 | €1,850 | €37,613 | +€35,764 | +1,934% |
| Amounts payable | 17/49 | €7,482 | €11,662 | +€4,180 | +55.9% |
| Amounts payable within one year | 42/48 | €7,482 | €11,662 | +€4,180 | +55.9% |
| Trade debts | 44 | €332 | €472 | +€140 | +42.0% |
| Suppliers | 440/4 | €332 | €472 | +€140 | +42.0% |
| Taxes, remuneration and social security | 45 | €7,150 | €11,191 | +€4,041 | +56.5% |
| Taxes | 450/3 | €7,150 | €11,191 | +€4,041 | +56.5% |
| Remuneration, social security and pensions | 62 | €512 | €2,034 | +€1,522 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9 | +€9 | |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €16,987 | €47,920 | +€30,934 | +182% |
| Operating profit (loss) | 9901 | €16,087 | €45,357 | +€29,270 | +182% |
| Financial income | 75/76B | €0 | €129 | +€129 | +1,288,800% |
| Recurring financial income | 75 | €0 | €129 | +€129 | +1,288,800% |
| Financial charges | 65/66B | €12 | €70 | +€59 | +501% |
| Recurring financial charges | 65 | €12 | €70 | +€59 | +501% |
| Profit (loss) for the period before taxes | 9903 | €16,076 | €45,416 | +€29,340 | +183% |
| Income taxes | 67/77 | €3,476 | €9,652 | +€6,176 | +178% |
| Profit (loss) for the period | 9904 | €12,600 | €35,764 | +€23,164 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €12,600 | €35,764 | +€23,164 | +184% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.